Boxman to Merge With iMVS.com
In Online Entertainment Retail Deal

LONDON -- Online entertainment retailers Boxman AB of Sweden and iMVS.com PLC of the U.K. said they plan to merge, hoping to benefit from each other's strong presence in their local markets.

Since its founding in December 1997, Boxman, which primarily sells music online, has expanded rapidly throughout Europe. It has quickly picked up 4% of all retail music sales in Scandinavia and 90% of online sales. Based in Stockholm, it has opened seven offices in Nordic countries, the U.K., France and Germany. It had sales of 6 million...